Learn about the most common online casino myths that have been lingering in the minds of individuals for so long. Also, learn why they are not true!
Myths go hand in hand with online casinos. Despite being debunked by facts, they still linger on various forums. Let us look at the most common ones and find out why they are not true.
Online Casinos Never Pay Out to Players
The very first myth that never fades is that casinos never pay out winnings. This myth is refuted by the very fact of the existence of online casinos themselves—if they didn't pay out, they wouldn't exist, but new providers somehow emerge on a constant basis. They even continue to improve and adapt their services to particular markets.
For example, the majority of Hungarian casino sites offer the option of Hungarian forints play, with various convenient payment methods. Casinos do not have an interest in withholding winnings from players regardless of the currency involved. The player will only be paid if they violated the casino's terms and conditions, which is right because the regulations were violated.
Casino Games Are Manipulated
This is perhaps one of the most well-known casino myths, indeed based in some reality, but as with many of our myths, the imagination ran wild. Casinos do wish to make money, and that is exactly what the house edge exists to achieve. All games of luck are designed mathematically in such a way that over time, the casino will receive more than they will dispense.
But it does not imply that you cannot win or the odds are always against you. All casino games use a Random Number Generator (RNG). This offers the correct return-to-player percentage and offers all the players an equal chance to win. RNGs are regularly audited by government officials who regulate land-based and online casinos.
Online Casinos Are Illegal
Let's be practical: if that were so, all of them would have gone out of business by now. Presently, though, online casinos are increasingly in demand year after year. True, online gambling might be banned in some countries, but there is no world law on that aspect. Every country has its own laws and methods of governing online gambling.
In some countries, online casino gambling is not forbidden but neither is it officially authorized—they tolerate it or are laying proper legislation.
You Can Count Cards at Online Blackjack Tables
Card counting previously existed and was carried out by many, but land casinos and online ones have implemented methods that make card counting practically impossible. Card counting is therefore fantasy nowadays.
We have heard about card counters who won huge sums and were excluded from land casinos. But today, card counting is simply out of the question, at least in online casinos. Online blackjack has a shoe with 7 decks which gets resuffled when the dealer gets a cut card—a color-coded plastic card inserted randomly into the deck. For this reason, you have no way of knowing whether you are being dealt 5, 6, or 7 decks, so counting is a waste.
High RTP Slots Guarantee Simple Wins
More casinos now indicate slot machines' RTP (Return to Player) in real time or the last 24 hours. Since players sometimes try to find cheats to control their luck, some players select some slots based on past RTP.
They choose slots with a high positive RTP (above 100%), hoping that they will keep paying out. Others choose "cold slots" which have not paid out for weeks, hoping that they must finally pay out a big win. But nothing is certain. Casinos are chance-based, and just because one individual won doesn't mean others will.
Blackjack Is 100% Random, Strategy Doesn't Matter
This is both false and true. Blackjack is indeed a game of chance, especially online where one can drop out or drop in of tables when they wish. There is no winning blackjack strategy that guarantees winnings, but there is a basic strategy one may follow that can reduce the house advantage, perhaps even to 0.5%.
If you don't stick to the basic strategy, the house edge could be up to 2%. What this strategy essentially does is cause you to choose the best risk/reward.
If a Slot Machine Hasn't Paid Out for a While, a Big Win Is Coming
A slot machine is just a machine; it does not think or feel and does not know that it has not paid for hours, nor does it owe a payment. Frankly, slots use RNGs that generate new combinations when a spin is made.
Each time you play, it is an independent, random event, and there is no guarantee the lever gets pulled or the button gets pushed that assists you towards a win. So now that you know it is not personal, you can let go of the jealousy and the what-ifs when another individual wins on a slot you recently played.
You Must Bet Big to Win
This slot myth is partly true. Some slots pay bigger jackpots with better odds if the spin is made at the maximum bet or at least above the minimum. However, the average RTP usually ranges between 92% and 95%. This means you’ll notice the difference only with big wins, which are rare. Until then, you’ll need to play a lot more, increasing the risk of losing money.